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Call us! 626.204.3300

103 N. 5TH STREET

ALHAMBRA, CA 91801

15 UNITS

NON-RENT CONTROL

ABOUT THE ASSET

$4,550,000

$303,333

$358.95

25.46

15.02

1.78%

4.21%

15

1961

12,676

15,270

5338-032-015

SUMMARY

Price: 

Price/Unit:

Price/SF

Current GRM

Market GRM

Current Cap Rate

Market Cap Rate

Units

Year Built

Building SF

Lot SF

APN

PROPERTY DESCRIPTION

Bridge Investment Group is proud to present Whispering Falls in the city of Alhambra. Located in one of the most highly sought-after locations, Whispering Falls has been owned by the same family for over 30 years. The property offers a rare opportunity for an investor to capitalize on one of the strongest rental markets in the San Gabriel Valley.


At Whispering Falls, the corridor entry leads into a mature landscaped courtyard, with a fountain. Within this serene space is a 15-unit apartment built in 1961 consisting of five 1 bedroom/1 bathroom, nine 2 bedroom/1 bathroom, and one 3 bedroom/1.5 bathroom units totaling 12,676 square feet sitting on a lot size of 15,270 square feet. The foundation is concrete slab and the roof is pitched composition shingle.


The owner upgraded the plumbing to copper piping over 10 years ago. Each unit is individually metered for gas and electricity and comes with their own tuck under parking space and wall air conditioning unit. There are two American Standard 100-gallon hot water heaters that were new as of three years ago, as well as laundry on site for the tenants: two washers and one dryer on lease. Rents are ±70% below market and all tenants are on month to month leases so there is an opportunity for an investor to immediately capitalize on the rental potential.

PROPERTY HIGHLIGHTS

  • Can be Sold Separately or Combined with 109 N. 5th St.

  • Prime Central Alhambra Location

  • First Time on the Market in Over 30 Years

  • ± 70% Upside in Rents

  • 82 Walk Score (Very Walkable)

  • Non Rent Control Area

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MORE INFO

PROPERTY LOCATION

CONTACT US FOR ADDITIONAL INFO.

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805